2023-2024
Bitcoin Cash was quick to bounce from the $87 low and quickly surfaced above the $100 mark on 10 November. Since then, its recovery has slowed down. On the daily timeframe, the market structure remained bearish. The technical indicators also showed some seller strength. The Relative Strength Index was below neutral 50, although it signaled more of a neutral momentum with a value of 45. The Chaikin Money Flow also climbed to -0.04, which meant that the capital flow out of the market lessened over the past few days.
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